Ador Welding (India) Market Value
| ADORWELD | 1,216 25.20 2.12% |
| Symbol | Ador |
Ador Welding 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ador Welding's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ador Welding.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ador Welding on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ador Welding Limited or generate 0.0% return on investment in Ador Welding over 30 days. Ador Welding is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, Tribhovandas Bhimji, Parag Milk, Heubach Colorants, and Chemcon Speciality. Ador Welding is entity of India. It is traded as Stock on NSE exchange. More
Ador Welding Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ador Welding's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ador Welding Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.52 |
Ador Welding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ador Welding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ador Welding's standard deviation. In reality, there are many statistical measures that can use Ador Welding historical prices to predict the future Ador Welding's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (1.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ador Welding's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ador Welding Limited Backtested Returns
Ador Welding Limited secures Sharpe Ratio (or Efficiency) of -0.0718, which signifies that the company had a -0.0718% return per unit of risk over the last 3 months. Ador Welding Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ador Welding's Standard Deviation of 1.88, mean deviation of 1.31, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ador Welding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ador Welding is expected to be smaller as well. At this point, Ador Welding Limited has a negative expected return of -0.14%. Please make sure to confirm Ador Welding's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Ador Welding Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Ador Welding Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ador Welding time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ador Welding Limited price movement. The serial correlation of -0.73 indicates that around 73.0% of current Ador Welding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 514.97 |
Ador Welding Limited lagged returns against current returns
Autocorrelation, which is Ador Welding stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ador Welding's stock expected returns. We can calculate the autocorrelation of Ador Welding returns to help us make a trade decision. For example, suppose you find that Ador Welding has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ador Welding regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ador Welding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ador Welding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ador Welding stock over time.
Current vs Lagged Prices |
| Timeline |
Ador Welding Lagged Returns
When evaluating Ador Welding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ador Welding stock have on its future price. Ador Welding autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ador Welding autocorrelation shows the relationship between Ador Welding stock current value and its past values and can show if there is a momentum factor associated with investing in Ador Welding Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ador Stock
Ador Welding financial ratios help investors to determine whether Ador Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ador with respect to the benefits of owning Ador Welding security.